Fort Worth City Council Approves Zoning for $175 Million Project

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    NEWSLETTERS

    Fort Worth City Council met Tuesday night to discuss rezoning a large portion of the Stockyards, so a private developer can move forward with a $175 million proposal to bring hotels, residences, livestock auctions, offices and retail to the area. (Published Tuesday, Jun 10, 2014)

    Fort Worth City Council members approved a zoning request that will allow land owners and developers to move forward on a project that could transform the Fort Worth Stockyards.

    The proposed project includes hotels, retail and residential space, restaurants and livestock auctions.

    Dozens of residents voiced their concerns at Tuesday night's meeting. Many are worried a new development will change the history and authenticity of the iconic Stockyards.

    The project is a partnership between the land owners, the Hickman Family and Majestic Realty. Both have maintained that the new development will retain the Western character that attracts locals and tourists to the Stockyards.

    The developers are asking for economic incentives worth $26 million. 

    Council members said they will set design guidelines and other requirements that the developers have to meet - with many details requiring the city's approval.